Jonathan Wong
The Latest
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NTSB Blames Boeing's Poor Training and Oversight for Alaska Airlines 737 Max Blowout
The National Transportation Safety Board on Tuesday identified Boeing's inadequate worker training and systemic oversight failures as the primary cause of the midair door plug blowout on Alaska Airlines Flight 1282, sharply criticizing both the aircraft manufacturer and the Federal Aviation Administration. The National Transportation Safety Board on Tuesday identified Boeing's inadequate worker training and systemic oversight failures as the primary cause of the midair door plug blowout on Alaska Airlines Flight 1282, sharply criticizing both the aircraft manufacturer and the Federal Aviation Administration. -
Trump Media Shares Rise as Board Authorizes $400 Million Stock Buyback Plan
Trump Media & Technology Group, parent company of Truth Social, said Monday its board of directors approved a stock repurchase program of up to $400 million, signaling confidence in the company's long-term value despite ongoing financial losses. Trump Media & Technology Group, parent company of Truth Social, said Monday its board of directors approved a stock repurchase program of up to $400 million, signaling confidence in the company's long-term value despite ongoing financial losses. -
Tesla Begins Real-World Robotaxi Trial in Austin, Pledges Millions More by 2026
Tesla launched its first paid robotaxi service in Austin, Texas, on Sunday, deploying a small fleet of autonomous Model Y vehicles equipped with remote supervision and in-car safety monitors. CEO Elon Musk declared the pilot program live with a post on X, writing: "The @Tesla_AI robotaxi launch begins in Austin [Sunday] afternoon with customers paying a $4.20 flat fee!" Tesla launched its first paid robotaxi service in Austin, Texas, on Sunday, deploying a small fleet of autonomous Model Y vehicles equipped with remote supervision and in-car safety monitors. CEO Elon Musk declared the pilot program live with a post on X, writing: "The @Tesla_AI robotaxi launch begins in Austin [Sunday] afternoon with customers paying a $4.20 flat fee!" -
Major U.S. Insurers Pledge 80% Real-Time Prior Authorization by 2027, Impacting 257 Million Patients
More than 50 major U.S. health insurers, including UnitedHealthcare, CVS Health, Cigna, Elevance Health, and Blue Cross Blue Shield, announced Monday they will streamline and reduce the controversial practice of prior authorizations, a process long criticized for delaying patient care and increasing administrative burdens on doctors. The effort will impact an estimated 257 million Americans covered under commercial, Medicare, and Medicaid health plans. More than 50 major U.S. health insurers, including UnitedHealthcare, CVS Health, Cigna, Elevance Health, and Blue Cross Blue Shield, announced Monday they will streamline and reduce the controversial practice of prior authorizations, a process long criticized for delaying patient care and increasing administrative burdens on doctors. The effort will impact an estimated 257 million Americans covered under commercial, Medicare, and Medicaid health plans. -
Kraft Heinz to Eliminate Artificial Dyes From U.S. Foods by 2027 Amid Regulatory Pressure
Kraft Heinz will remove all artificial food dyes from its U.S. product lineup by the end of 2027, the company announced Tuesday, marking a sweeping shift in response to rising consumer demand for clean-label ingredients and escalating pressure from the Department of Health and Human Services under Secretary Robert F. Kennedy Jr. Kraft Heinz will remove all artificial food dyes from its U.S. product lineup by the end of 2027, the company announced Tuesday, marking a sweeping shift in response to rising consumer demand for clean-label ingredients and escalating pressure from the Department of Health and Human Services under Secretary Robert F. Kennedy Jr. -
Boeing Shares Plunge 8% After Air India Dreamliner With 242 Aboard Crashes Near Ahmedabad
Boeing shares tumbled 8% in premarket trading Thursday following the crash of an Air India 787-8 Dreamliner carrying 242 passengers and crew, marking the first fatal incident involving the aircraft model and reigniting investor concerns over the company's long-troubled safety record. Boeing shares tumbled 8% in premarket trading Thursday following the crash of an Air India 787-8 Dreamliner carrying 242 passengers and crew, marking the first fatal incident involving the aircraft model and reigniting investor concerns over the company's long-troubled safety record. -
Paramount to Cut 3.5% of U.S. Workforce Amid Merger Delay and Industry Pressures
Paramount Global said Tuesday it will lay off 3.5% of its U.S. workforce-amounting to several hundred employees-as the company accelerates cost-cutting efforts amid ongoing declines in the linear television market and delays in its proposed merger with Skydance Media. Paramount Global said Tuesday it will lay off 3.5% of its U.S. workforce-amounting to several hundred employees-as the company accelerates cost-cutting efforts amid ongoing declines in the linear television market and delays in its proposed merger with Skydance Media. -
Meta to Launch New AI Lab With Scale AI CEO as Zuckerberg Chases Superintelligence
Meta Platforms is forming a new artificial intelligence lab with the help of Scale AI CEO Alexandr Wang, as CEO Mark Zuckerberg personally accelerates efforts to build "superintelligence"-an AI system capable of surpassing human cognition, according to reports from The New York Times and Bloomberg. Meta Platforms is forming a new artificial intelligence lab with the help of Scale AI CEO Alexandr Wang, as CEO Mark Zuckerberg personally accelerates efforts to build "superintelligence"-an AI system capable of surpassing human cognition, according to reports from The New York Times and Bloomberg. -
Amazon Commits $20 Billion to Pennsylvania Data Centers, Taps Nuclear Plant for Power
Amazon will invest $20 billion in two data center campuses in Pennsylvania, including one next to the Susquehanna nuclear power plant, in what Gov. Josh Shapiro called the largest private-sector investment in the state's history. The announcement on Monday highlights the tech giant's growing appetite for energy-intensive infrastructure to support its artificial intelligence and cloud computing operations. Amazon will invest $20 billion in two data center campuses in Pennsylvania, including one next to the Susquehanna nuclear power plant, in what Gov. Josh Shapiro called the largest private-sector investment in the state's history. The announcement on Monday highlights the tech giant's growing appetite for energy-intensive infrastructure to support its artificial intelligence and cloud computing operations. -
Robinhood Shares Drop Over 3% After S&P 500 Exclusion Dashes Investor Hopes
Robinhood Markets Inc. shares fell more than 3% in premarket trading Monday after the online brokerage failed to secure a spot in the S&P 500, disappointing investors who had fueled a surge in the stock ahead of the widely anticipated index rebalance. The S&P Dow Jones Indices announced late Friday that it would make no changes to the S&P 500 in its latest quarterly update. Robinhood Markets Inc. shares fell more than 3% in premarket trading Monday after the online brokerage failed to secure a spot in the S&P 500, disappointing investors who had fueled a surge in the stock ahead of the widely anticipated index rebalance. The S&P Dow Jones Indices announced late Friday that it would make no changes to the S&P 500 in its latest quarterly update.